Taxes
Musk’s Latest Twitter Gambit Opens Way to Paying Billions to IRS
- Tesla CEO said he would abide by vote to sell 10% of his stake
- Billionaire has options that could reduce his tax bill
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Elon Musk almost certainly had his reasons to crowdsource a decision about his first mass share sale in years.
Maybe it was designed to keep Tesla Inc. investors entertained -- more than 3 million people voted -- or perhaps to provide cover for him to diversify his fortune, or even to justify why he needed to sell stock to pay taxes.